What Your Business May Still Be Missing in Cyber Security

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April 12, 2018

Published on Heidrick & Struggles website

By Rocco Grillo

Many businesses are investing significant time and money to fortify their cybersecurity defenses, remediate vulnerabilities, and manage and mitigate their exposure to cyber risk. Yet, even after businesses have analyzed recent cyberattacks and put protections in place, breaches are still assailing them and affecting their bottom line. Gartner predicts worldwide IT security spending will be around $132 billion by 2021,1 yet the cost of cybercrime keeps rising, with data breaches expected to cost businesses $8 trillion from 2017 to 2022.2

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